2040 LAWS OF MARYLAND [CH. 696

profits and losses of that particular meeting, and such de-
ductions shall be subject to expenditure from the Racing
Fund by the Racing Organization considered and treated
herein as having made such deduction, in the manner and
to the extent hereinabove set forth.

15. (a) In addition to licensing racing, as hereinbefore pro-
vided, the Racing Commission is authorized to issue licenses
to the following organizations: Agricultural and Mechanical
Association of Washington County, Cumberland Fair Associa-
tion, Inc., Pocomoke Agricultural Fair Association, Inc., Har-
ford County Fair Association, Inc., Southern Maryland Agri-
cultural Fair Association of Prince George's County, and the
Maryland State Fair and Agricultural Society [of Baltimore
County], Incorporated. Such licenses shall permit the holders
to conduct a race meeting or meetings with betting privileges,
not to exceed ten days for any one organization in any calen-
dar year, provided such meetings are held in connection with
or for the benefit of bona fide County Fairs or Agricultural
Exhibitions and are held in compliance with all the provisions
of this Article.

(B) THE RACING COMMISSION MAY AT ANY TIME
OR TIMES OF EMERGENCY, IN ITS DISCRETION,
AUTHORIZE ANY ORGANIZATION OR ASSOCIATION
LICENSED UNDER THIS SECTION TO TRANSFER ITS
RACE MEET OR MEETINGS PROM ITS OWN TRACK, OR
PLACE FOR HOLDING RACES, TO THE TRACK, OR
PLACE FOR HOLDING RACES OF ANY OTHER ORGANI-
ZATION OR ASSOCIATION LICENSED UNDER THIS
SECTION UPON PAYMENT OF ANY AND ALL APPRO-
PRIATE LICENSE FEES FOR THE CONDUCT OF RAC-
ING AT THE PARTICULAR TRACK, OR PLACE FOR
HOLDING RACES, ON WHICH THE RACING IS TO BE
CONDUCTED; PROVIDED, HOWEVER, THAT NO SUCH
AUTHORITY TO TRANSFER SHALL BE GRANTED
WITHOUT THE EXPRESS CONSENT OF THE ORGANI-
ZATION OR ASSOCIATION OWNING OR LEASING THE
TRACK TO WHICH SUCH TRANSFER IS MADE.

(b) (c) If any organization entitled, under this section, to
a license and the award of dates for racing shall permanently
abandon for racing purposes its present track, it may, with
the approval of the Commission, be awarded a license and dates
for racing at a new track within the same County in which
it has theretofore conducted racing, provided, however, that no
license shall be issued under the provisions of this section to
permit racing at the same track for which a license may be
issued under the provisions of Section 7 of this Article.